Summary of Proposed Investment
Project Number
26406
Company Name
Transamerica Group
Date SPI Disclosed
Nov 16, 2007
Country
Central America Subregion
Industry
Infrastructure
Projected Board Date
Dec 17, 2007
Status
Completed
Sector
Other (Including General Freight Trucking)
Department
Regional Industry INF LAC & EUR
Environmental Category
B - Limited
Previous Events
Approved : Feb 20, 2008
Signed : Mar 7, 2008
Invested : Apr 10, 2008
Project Description
Transamerica is the largest trucking company in an otherwise fragmented market. It owns and operates trucks and trailers and owns/leases container yards in Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala. It has established itself in the market as being a reliable and efficient trucking company.
The company wants to position itself as a major player ahead of the expected consolidation of the Central American trucking/logistics industry. It intends to achieve this goal by growing its business organically as well as through selected acquisitions. By being able to offer better, regionally integrated services to its customers and by improving operational parameters through economies of scale, Transamerica expects to boost profitability and grow.
The project comprises an upgrade and expansion of Transamerica’s freight hauling capabilities through purchase of trucks and trailers, the construction of logistics infrastructure, the refinancing of existing loans and selected acquisitions.
The company wants to position itself as a major player ahead of the expected consolidation of the Central American trucking/logistics industry. It intends to achieve this goal by growing its business organically as well as through selected acquisitions. By being able to offer better, regionally integrated services to its customers and by improving operational parameters through economies of scale, Transamerica expects to boost profitability and grow.
The project comprises an upgrade and expansion of Transamerica’s freight hauling capabilities through purchase of trucks and trailers, the construction of logistics infrastructure, the refinancing of existing loans and selected acquisitions.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Transportes H&H
Apartado 10084-1000
San Jose, Costa Rica
Telephone: (506) 233-1919
Fax: (506) 221-8787
E-mail: vherrera@transhyh.com
For the location of the environmental documents, please refer to the address above.
Apartado 10084-1000
San Jose, Costa Rica
Telephone: (506) 233-1919
Fax: (506) 221-8787
E-mail: vherrera@transhyh.com
For the location of the environmental documents, please refer to the address above.
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster